Rotten luck, the altboot bugs pop up on my 860 and prevent proper installation. When rebooting from the SD after extracting android-root.tar.gz, it hangs on the copying /home to the loop-image.
The furthest I got so far was booting the standard image and typing reboot, which goes back to the boot selector thing. Selecting the SD option says something that the card is already mounted, but copying /home works and you get the command line eventually. Typing /start gets Android's gears turning, setting up the binder things, then complains that it can't mount stuff, and ultimately hangs up after saying ***post-zygote, the same error stuff as when I tried running Android under Angstrom from flash.
I really hope I get this working some time, it's just too cool to not be able to mess with!
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Also, on many of my cards (formatted with gparted to ext3), trying to boot from the SD gives:
Checking file system on /dev/mmcblk0p1
/dev/mmcblk0p1 has gone 35814 days without being checked, check forced
then proceeds to freeze. Fooey